Author: Emirates Insight
Bitcoin nears the $83K support zone after rejecting $91K. Analysts warn of further decline if buying pressure fails to appear. Bitcoin opened December with a move lower, trading under pressure after failing to hold above $93,000. As of press time, the asset is around $86,800, down slightly in the past 24 hours and almost 2% over the last week. The recent decline has brought the market close to an area that several analysts are calling an important support zone. Now, though, a major support level has come to play as it was tested yesterday. Analysts Focus on the $83K–$81K…
On Monday, Clipbook, an AI-powered platform that helps companies monitor their media coverage, announced a $3 million seed round co-led by Mark Cuban, Commonweal Ventures, and Carpenter Capital. The deal happened because Clipbook’s founder, Adam Joseph, took a long shot with a cold email that he never thought anyone would read, he told TechCrunch. Joseph launched Clipbook in 2023 and bootstrapped it to a million dollars in annual recurring revenue, he said. At that point, about a year ago, he felt he was ready to find investors. “I literally made a list of the top five media investors in the…
The United Arab Emirates (UAE) has become one of the most advanced countries in the world in recent years in terms of digitalization and technological transformation. As Dubai and Abu Dhabi continue their modernization process, ranging from smart city projects to blockchain-based public services, one of the most critical elements of this development has been their cybersecurity strategies. Increasing cyber threats and global digital risks are key factors that have encouraged the UAE to invest in AI-based defense systems. Today, the UAE is recognized as having the most advanced cybersecurity infrastructure in the Middle East and North Africa region, and…
Dubai will host the first UAE–Russia Business Forum on December 10, a major milestone for strengthening bilateral economic ties as trade, investment and technological cooperation between the two countries continue to accelerate. The programme and key participants were announced by the Russia–UAE Business Council, which is organising the event with the support of the Russian Ministry of Industry and Trade, the Roscongress Foundation and the Marathon Investment Group. The forum will be held as part of the 12th meeting of the Intergovernmental Russia–UAE Commission on Trade, Economic and Technical Cooperation, also scheduled for December 10 in Dubai. UAE-Russia Business Forum…
Chainlink (LINK) is trading lower this week as sellers regain control. The price has slipped to around $12 at press time, following a 7% drop in the past 24 hours. Meanwhile, the focus now turns to whether it can stabilize or if the path lower toward $8 is now open. Breakdown Signals Weakness in Structure LINK lost support at the $15 level recently. That level marked the 0.618 Fibonacci retracement zone, often used to gauge trend strength. Since breaking below it, the price action has turned more bearish. LINK is now hovering below the former ascending channel that guided its…
Startmate CEO Michael Batko has stepped as CEO after eight years of leading the startup accelerator and investor, effective immediately. Taking over is chief operating officer Phoebe Pincus, who’s been with the Blackbird-backed organisation for four years. Batko, who was also a startup founder on the side, most recently exiting his side hustle, Startup Striders, last month, and last year, Puddle Pod, sold in 10 days, said the Startmate role had been the privilege of his career. “I’m proud of what we’ve built together and confident that Phoebe is the right person to lead Startmate into its next chapter,” he said. “She’s…
Riyadh Air will offer members of its loyalty program Uber One membership as it looks to add value for aviation passengers. Riyadh Air’s lifestyle loyalty ecosystem, Sfeer, introduced the premium benefit for its Founding Members through an expanded partnership with Uber Technologies. Founding Members will receive six months of complimentary Uber One membership, unlocking savings and premium features across the Uber app for users throughout the Kingdom. Riyadh Air Uber One partnership The initiative builds on the partnership signed earlier this year between Riyadh Air and Uber and is designed to deliver a seamless, industry-leading, end-to-end travel experience for travellers…
A Dubai influencer, @yasminesays, has spoken out against a growing trend where people film themselves mocking taxi drivers. These videos show passengers pretending the driver “stinks,” opening windows dramatically, or sticking their heads outside the car for laughs. The influencer said this behavior is disrespectful and needs to stop. Want instant updates? Follow Lovin on WhatsApp, and never miss a beat! “Where are your manners?” In her video, she said people who hold their nose or act disgusted in the back of a taxi are insulting every hardworking driver in the city. She said there is nothing funny about making jokes…
The total crypto market cap dipped below $3 trillion today again. December starts with a bang, but in the wrong direction, as bitcoin dumped once again by several grand in the span of just a few hours without an apparent catalyst. The altcoins have followed suit, with ETH losing the $3,000 and $2,900 levels, while XRP found some support at $2.00. BTC Drops Below $86K The primary cryptocurrency bottomed at $80,500 on November 21 and began a gradual recovery in the following ten days. It bounced to $84,000 during that weekend and surged to $88,000 by Wednesday. Although it…
Finland’s weather is notoriously unfriendly; but even so, your food order might be delivered by a drone. On a rainy day after Helsinki’s annual Slush conference, Finnish entrepreneur Ville Leppälä took TechCrunch behind the scenes of a three-party partnership between Irish drone delivery company Manna, DoorDash-owned food delivery platform Wolt, and his own startup, Huuva. Huuva, whose name means kitchen hood, raised a seed round led by General Catalyst in 2022 with the promise of bringing good food to the suburbs. While it branched out of its cloud kitchen origins, its business still relies heavily on delivery tech — now…